Acquisition Guidelines

Price and Rehab

  • Buy price under $750K
  • Rehabs less than $100K
  • Max purchase price: 73% of ARV all-in
  • Total development cost not to exceed 83%
  • Minimum ROI: 14% cash on cash

Construction

  • Ideal: Newer than 1960 (exceptions based on conditions)
  • Construction cost not to exceed 15% of ARV
  • Maximum 30 to 45 days for rehabs
  • No foundation/structural work
  • Minimum to no permits
  • Total project time not to exceed 120 days
  • Program avoids complicated transactions, ADUs, heavy permitting, and architectural plans

Eligible Areas